Nasdaq 100 | Technical Outlook
Market Structure
The Nasdaq 100 continues to trade within a well-defined bullish market structure, with price action maintaining higher highs and higher lows on the higher timeframes.
Despite recent short-term pullbacks and consolidation, these moves remain corrective in nature within an active uptrend, rather than signaling a structural trend reversal.
On the daily chart, price remains supported above rising moving averages, confirming that buyers continue to control the broader directional bias. Short-term volatility has eased, allowing the market to stabilize and build a base above key structural levels.
Key Resistance Zone
The immediate resistance zone is located at $25,600 – $25,750, where recent upside attempts have faced mild profit-taking pressure.
Additional resistance levels:
- $25,900
- $26,200 (major upside continuation level)
A sustained break and hold above $25,750 would likely open the door for renewed bullish momentum toward higher highs.
Key Support Zone
Strong support is holding at $25,350 – $25,450, an area repeatedly defended by buyers during recent pullbacks.
Below that, deeper support levels include:
- $25,100
- $24,850 – $24,900 (key trend-defining support)
As long as price remains above $24,850, the broader bullish structure remains intact.
Expectations
Bullish Scenario (Primary)
The dominant scenario favors upside continuation while price holds above $25,350.
A break above $25,750 could trigger an acceleration toward $25,900 and potentially $26,200 as momentum rebuilds.
Bearish Scenario (Alternative)
A short-term bearish scenario would only be considered if price breaks decisively below $25,100.
Such a move could expose $24,850, though this would still be viewed as a pullback within the broader uptrend unless that level fails.
Outlook
The Nasdaq 100 remains structurally bullish, with recent price action reflecting consolidation rather than weakness. Buyers continue to defend key support zones, and the higher-timeframe trend remains firmly intact. As long as price holds above $24,850, upside continuation remains the preferred outlook, with any dips likely to attract renewed buying interest.
